Competitive Mid-Term CDs at Village Bank in Virginia - Local Only

Village Bank is offering a few competitive mid-term CD rates. The best ones include a 2.07% APY 15-month CD, a 2.12% APY 18-month CD and a 2.28% APY 24-month CD. Minimum deposit is $500. These rates are listed in the bank's rates page as of 1/28/2010.

The bank also offers a high-yield reward checking account (see review).

It appears that a branch visit is required to open accounts. Branches are located in Richmond, Virginia and in its metro area.

The bank's ratings for safety and soundness are a little weak: 3 stars (adequate) at BauerFinancial and 2 stars (below peer group) at Bankrate.com. Both ratings are based on 9/30/09 financial data. The bank has been a FDIC member since 1999 (FDIC Certificate # 35111).